Business Studies

__________ also serves to inform employees of the vision that the company's executives have for the company's image and goals.


ANSWER

Code of ethics


SOLUTION
A code of ethics should reflect top management's desire for compliance with the values, rules, and policies that support an ethical climate. The development of a code of ethics should involve the Board of Directors, and Chief Executive Officers who should be implementing the code.
Legal staff should also ensure that the code has assessed key areas of risk correctly, and that it provides buffers for potential legal problems. 
The code of ethics outlines a set of fundamental principles which could be used as the basis for operational requirements (things one must do), operational prohibitions (things one must not do). It is based on a set of core principles and values and is by no means designed for convenience. The
employees subjected to the code are required to understand, internalize, and apply it to situations which the code does not specifically address.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 197
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
A set of principles and expectations that are considered binding on any person who is known as ________.
  • A. code of ethics
  • B. values
  • C. ethics
  • D. none of the above

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
A worker is most likely to behave ethically and legally when ___________.
  • A. a manager observes his or her behaviour closely
  • B. the worker has intense morals
  • C. the consequences of the act are minor
  • D. the consequences of the act are substantial

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Investors are concerned about ________ of the company in which they invest.
  • A. ethics, social responsibility and reputation
  • B. employees
  • C. executive compensation
  • D. only profitability

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Subjective Medium
Answer the following question:
State the social responsibilities of a business towards consumers.

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
The process where a person informs on another or makes public disclosure of corruption or wrong doing ________.
  • A. endeavour
  • B. whistle blowing
  • C. dilemmas
  • D. veteran

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer